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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
32 days on Owners.com
20432 Island West Sq
ASHBURN, VA 20147
3 Beds
3 Baths
2,253 ft2
$530,000
Owners.com Estimate:
Estimated Payment:$1,990/mo
HOA:$268, Monthly

MUST SEE THIS one of a kind upgraded Patriot unit with a Premium Lot backing to protected land on a cul-de-sac In the popular 55+ community Potomac Green! Brand new 2019 hvac and New water heater! Remote control awning over back patio!,~ Master Suite on main level

When the property built in 2011 the Sellers upgraded the property by installing Hardwood flooring throughout the main level, 2 kitchen Pantries, Stainless steel appliances, Back yard paver patio to include a fountain and beautiful landscaping with rock Edging, Office/Den/Dining room on main level, tons and tons of storage inside the house in addition to insulated attic in the 2 car garage , Custom shelving in master walk-in closet along with multiple other closets throughout, Freshly Painted, Professionally cleaned carpets and deep cleaned entire house, Granite kitchen backsplash, stainless steel appliances, Crown molding throughout, custom wood window blinds, Nest thermostat and much much more! Great community with 2 pools (indoor and outdoor) tennis, recreation center, fitness center, gardens, walking trails, Bochy Ball court, close to shopping and dining, 10 miles to Dulles airport, after hour gated access. *** see all photos to include floorplan and community pictures

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
2011
Parking
Driveway - Concrete
Price/Sqft
$235
MLS #
VALO396720
Lot Size
3485 sqft
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 3 | Room Types: Laundry, Study / Office, Storage Room | Basement: false

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Crown Moldings, Dining Area, Lighting - Recessed, Floor Plan - Open, Window Treatments

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2011 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: #OTHER, Townhouse/Rowhouse | Construction: Masonry | 2 floor | Floors: Wood | Windows: Double-Pane, Energy Efficient

Garage & Parking

Parking: Driveway - Concrete | Garage: true

Lot

Lot size: 0.08 acres | Lot size: 3485 sqft | Zoning: 04

Location

County: LOUDOUN-VA | Subdivision: POTOMAC GREEN | Directions: Loudoun County Pkwy, Marblehead, Western Gailes, Left Casablanca, right on Cruden Bay dr, right on island way sq and the house is an end unit on your left. 20432 | MLS #: VALO396720

Community

Condo Maintenance: Common Area Maintenance, Lawn Maintenance, Management, Recreational Facilities, Security Gate, Sewage, Snow Removal, Trash | HOA Dues: $268/ Monthly

Appliances

Appliances: Microwave - Built In, Disposal, Dishwasher, Dryer, Energy Star, Ice Maker, Oven, Gas Oven / Range, Stainless Steel Appliances, Washing Machine, Water Heater - High Efficiency

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplace: true, 1, Gas/Propane, Fireplace - Glass Doors

Utilities & Security

Utilities: Fiberoptic, Gas Utlities (Natural Available), Electricity, Water, Hot Water - Natural Gas, Electric Service - Underground | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Security Gate

Accessibility

Accessibility: 32"+ wide Doors

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Jacqueline M Miller 

Listing courtesy of: Jm2 Properties, LLC. 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 30, 2019 05:31AM EST ~ Verified on November 04, 2019 08:32PM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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